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Embrey Partners Closes on West Avenue Development

San Antonio-based Embrey Partners, Ltd. has closed on a new urban infill
project, located on West Avenue along the Wurzbach Parkway extension in
north central San Antonio. Groundbreaking on the 29-acre site will begin
in mid-November 2012, with the clubhouse opening in the fall of 2013 and
first occupancy beginning in early 2014.

When completed, the community will be home to a lower density
development consisting of luxury townhomes and one- and two-bedroom
flats. This luxurious class “A” community of 360-units will feature
floor plans ranging from 613 square feet to 1,830 square feet, complete
with backyards and two-car garages.

Interiors will come in urban signature finishes including granite
countertops, designer lighting and plumbing packages, garden tubs and
stainless steel appliances. The development will also feature an urban,
sleek clubhouse that includes a 24-hour state-of-the-art fitness center,
aqua lounge and resort-style swimming pool.

The 29-acre site will feature ample open space, including a 4-acre
nature sanctuary, site clearing of invasive species, the preservation of
existing trees and planting of new trees that extensively promotes the
tree canopy that will be in compliance with the San Antonio Tree
Ordinance.

Embrey Partners is a developer, builder and manager of market rate
multi-family and commercial assets in select markets across the United
States. Over the past 37 years, Embrey has developed real estate
projects totaling nearly 30,000 apartments and more than six million
square feet of commercial space. Partnering with major financial
institutions, pension funds, individual investors and Fortune 500
companies, Embrey has completed these developments for individual
investment purposes, on a third party basis and through joint venture
transactions. For more information, visit online at www.embreydc.com.